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Feb 13, 2013
02/13
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WETA
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concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house republicans... >> narrator: at the white house, treasury secretary timothy geithner knew just how serious cantor's threat was. >> geithner says, "we could trigger a depression worse than the 1930s. it will be indelible. it will be... it will last for generations." tim geithner is one scared secretary of the treasury. >> when secretary geithner and the rest of us spoke to the president, we were very clear. a default would be unprecedented in our country. it would absolutely lead to a serious downgrading of our credit rating. >> narrator: geithner said they had only weeks to act before the country ran ou
concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house...
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Feb 14, 2013
02/13
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CSPAN2
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amount we raised the debt ceiling. you get to spend that money now, and it was spent in 18 months. we already hit the debt ceiling again. we would raise this debt ceiling $2.1 trillion, and an agreement was reached to reduce spending over the next ten years by $2.1 trillion. so that was then. the president signed that. the democratic leader in the senate agreed to that. the speaker of the house, the republican, agreed to that. that became the law. well, we were on path at that time -- and these are numbers that we live with every day. i'm the ranking republican on the budget committee, and it's just a constant item in our face out there. we were then spending $3.7 trillion a year. if you extend that for ten years, you would spend $37 trillion over ten years. but the budget was expected to grow. it was expected to grow to $47 trillion. so at the end of that time, we would have increased spending by $10 trillion almost. this deal would have said that we wouldn't spend $47 trillion but $45 trillion, thereby reducing the i
amount we raised the debt ceiling. you get to spend that money now, and it was spent in 18 months. we already hit the debt ceiling again. we would raise this debt ceiling $2.1 trillion, and an agreement was reached to reduce spending over the next ten years by $2.1 trillion. so that was then. the president signed that. the democratic leader in the senate agreed to that. the speaker of the house, the republican, agreed to that. that became the law. well, we were on path at that time -- and these...
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Feb 21, 2013
02/13
by
CURRENT
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they were going to default on all of our bills and not raise the debt ceiling. together with the white house the republicans agreed to this sequester if there could be no agreement between republicans and democrats on a sensible plan between august 2011 and now. and obviously there has been no agreement even though the president has agreed to $1.5 trillion of sending cuts. that's what boehner is not saying. the president has already agreed to those spending cuts, and we have $600 billion of tax increases over the next ten years on the wealthy. but more needs to be done. >> john: the american people may suffer from amnesia but maybe our republican friends suffer from the airborne amnesia as well. inthere was a government shutdown and it didn't work. >> no, the american public held it against the republicans. newt gringrich became the whipping boy for the country. here's what worries me this time john. things have changed. right now a lot of republican members of congress are in safe districts and in safe seats. their biggest worry is a tea party challenger from t
they were going to default on all of our bills and not raise the debt ceiling. together with the white house the republicans agreed to this sequester if there could be no agreement between republicans and democrats on a sensible plan between august 2011 and now. and obviously there has been no agreement even though the president has agreed to $1.5 trillion of sending cuts. that's what boehner is not saying. the president has already agreed to those spending cuts, and we have $600 billion of tax...
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Feb 20, 2013
02/13
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MSNBCW
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they have been seeing shutdown talk, debt ceiling talk, this stupid named sequestration and all they hear is trouble in the nation's capital. the inability of our own government which has been elected to do its job. i think it's hurting the economy. your thoughts. >> absolutely hurting the economy. what people want in business and family life is some stability. they want the ability to plan. they want to know what are my taxes going to be. they want to know, you know, am i going to have a job. am i going to be laid off. and all they want is some solidity to plan with. when we go through these crises, it's incredibly destructive. >> do you think the right wing people know when they're sitting in their chairs voting no, no, no, bringing one manufactured crisis to bear after another that they're just happy when they pick up the paper and say public confidence going down. that's good for our party. >> we know that grover norquist starving the beast of resources. now they're starving the beast of credibility. they're starving the beast of the federal government with any public confidence
they have been seeing shutdown talk, debt ceiling talk, this stupid named sequestration and all they hear is trouble in the nation's capital. the inability of our own government which has been elected to do its job. i think it's hurting the economy. your thoughts. >> absolutely hurting the economy. what people want in business and family life is some stability. they want the ability to plan. they want to know what are my taxes going to be. they want to know, you know, am i going to have a...
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Feb 13, 2013
02/13
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FOXNEWS
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that's what's called the sequester, the automatic spending cuts agreed to in the debt ceiling deal of 2011 and make radical across the board cuts to the pentagon and spending. and the republicans decided that's the only leverage they have over obama to make real cuts in spending, which the administration has shown no inclination to do. i think what obama wants to do is to go out as one indicated, campaign in the country against the republican position. and i think he'll try to portray the republicans as he did in the campaign as protecting the rich, protecting the tax loopholes that the the rich have, the big corporations and be willing to cut from medicare, food stamps, et cetera. so his position is i represent the people, they represent ideology. i represent the folks and they he represent the rich. and he won the election on that kind of argument. he won on the fiscal cliff, on that kind of argument. if he came out to win the next round on the sequester, i think he will have weaken and fractured the republican house in a way that will clear the way to his being the dominant actor i
that's what's called the sequester, the automatic spending cuts agreed to in the debt ceiling deal of 2011 and make radical across the board cuts to the pentagon and spending. and the republicans decided that's the only leverage they have over obama to make real cuts in spending, which the administration has shown no inclination to do. i think what obama wants to do is to go out as one indicated, campaign in the country against the republican position. and i think he'll try to portray the...
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Feb 20, 2013
02/13
by
CURRENT
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you know, we entered into this when we were trying to raise the debt ceiling. they insisted on tremendous cuts and so we worked out something to kick the can down the road, to pay the bills of the government. and to deal with this at a later time. we thought that this would be so awesome that they would see the light by the time we got to this point. and they would join with us in coming up with a way by which to get revenue in and to pay down the debt. and do incredible balancing of the budget this way. but no, they're saying let it kick in. we don't care. we don't care if we prevent young kids from having a head start practice. we don't care if we endanger this country by not paying for our first responders who have the responsibility for our safety and security. we don't care if the food does not get inspected. this is serious! >> stephanie: i'll say. boy, when it comes at a time when again, for the first time in history as you say we got here because for the first time in history, they literally threaten toed have the united states go into default and tie i
you know, we entered into this when we were trying to raise the debt ceiling. they insisted on tremendous cuts and so we worked out something to kick the can down the road, to pay the bills of the government. and to deal with this at a later time. we thought that this would be so awesome that they would see the light by the time we got to this point. and they would join with us in coming up with a way by which to get revenue in and to pay down the debt. and do incredible balancing of the budget...
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Feb 20, 2013
02/13
by
FOXNEWS
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in the debt ceiling negotiation, most of questions that i saw when they were asked of president obama in public were about the republicans, nothing about what are you going to bring to the table. again, we have this obsession, all of these people go nuts, marco rubio was thirsty, takes a glass of water and nothing about substance of the state of the union. my view is all presidents want to control the press, presidents i worked for were no different. president obama, there are generally more people that agree with his outlook and don't question he him as hard as they ought to. >> megyn: to what extent, juan, do you think in the goodwin editorial he suggests that critical government is punishment in the form of complaints and being frozen out and some reporters don't want to get frozen out no more than they already were. >> this is nothing new, guys, we have he been talking about getting pushed out of the loop when you do a negative story with presidents going way back, let me assure of that, that's nothing new. i think the key point here to understand, the people in the white house pr
in the debt ceiling negotiation, most of questions that i saw when they were asked of president obama in public were about the republicans, nothing about what are you going to bring to the table. again, we have this obsession, all of these people go nuts, marco rubio was thirsty, takes a glass of water and nothing about substance of the state of the union. my view is all presidents want to control the press, presidents i worked for were no different. president obama, there are generally more...
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Feb 16, 2013
02/13
by
MSNBC
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there was the -- there was the debt ceiling deal in which john boehner brought a vote to the floor even though didn't -- the majority of republicans. he brought another vote to the floor on the sandy supplemental. again, didn't have a majority of republicans and brought to it floor anyway. you start to think maybe this is really going to be different. this will be a different approach from republicans and then we got this week in which you had, it seemed, back to the same old approach. culminating with the hagel filibuster on -- was it friday, thursday, provide, you had this -- fairly unprecedented filibuster of the dod nominee, 58 votes, but under the preverse rules of the united states senate, 58 votes is not good enough. all my hope is dashed. >> indeed. >> thank you. see you tomorrow. >> let's take the fiscal curve. that was not solved by the president. that was solved when the president backed away and joe biden started making calls and went to the senate and said i'm joe biden and i'm your buddy. biden seems to be a really good proxy for the president on these touchy issues and th
there was the -- there was the debt ceiling deal in which john boehner brought a vote to the floor even though didn't -- the majority of republicans. he brought another vote to the floor on the sandy supplemental. again, didn't have a majority of republicans and brought to it floor anyway. you start to think maybe this is really going to be different. this will be a different approach from republicans and then we got this week in which you had, it seemed, back to the same old approach....
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Feb 21, 2013
02/13
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CURRENT
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he signed the bill because it was the only way they could avoid the debt ceiling. john boehner said when the sequester passed, peter get your head out of your ass. he said he got 98% of what he wanted in the sequester. it is john boehner's baby. ann's calling from buffalo new york. >> caller: good morning. i think the last caller answered part of my question. is anybody following up on what the constituents of these republicans are saying now that they're home doing their town meetings or whatever? >> bill: first of all ann, if you think they're home doing their town meetings, i got a bridge i'll sell you. they're on the beach somewhere. i think they're not listening ann. i think that's the point. they're not listening to the constituents or they wouldn't support the sequester. >> caller: okay. another thing dawned on me. the news i'm hearing is oh, you know this sequester is terrible. it is terrible. it is obama's idea but isn't it a good idea? >> bill: the sequester? no it's not a good idea to take a meat ax -- you wouldn't do it to your family budget. no busines
he signed the bill because it was the only way they could avoid the debt ceiling. john boehner said when the sequester passed, peter get your head out of your ass. he said he got 98% of what he wanted in the sequester. it is john boehner's baby. ann's calling from buffalo new york. >> caller: good morning. i think the last caller answered part of my question. is anybody following up on what the constituents of these republicans are saying now that they're home doing their town meetings or...
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Feb 13, 2013
02/13
by
CNN
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do we extend the ceiling. have you a trillion dollar deficit but you say you will be budget neutral. seems to not add up to people. seems we have to start paying down debt as opposed to staying neutral. is it enough to be neutral? that's the question. >> the president was talking about entitlement reform. he is talking about we can't be governed by the deficit because we have to invest in our future. >> sounds like you're not going to pay it down, then. >> he also said, you know, i want to figure out a way to do this and do tax reform at the same time. >> and so you will raise taxes to pay for what you're doing, is that what he is saying? >> you're going to get rid of loopholes, et cetera. >> help me with that. tell me, closing loopholes is always a great answer. does that make sense? can that be done? >> it makes sense and there are a number of proposals in the congress since speaker gingrich's days of proposals and not if it brings more money to washington. the president says duke that and it will bring more
do we extend the ceiling. have you a trillion dollar deficit but you say you will be budget neutral. seems to not add up to people. seems we have to start paying down debt as opposed to staying neutral. is it enough to be neutral? that's the question. >> the president was talking about entitlement reform. he is talking about we can't be governed by the deficit because we have to invest in our future. >> sounds like you're not going to pay it down, then. >> he also said, you...
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Feb 19, 2013
02/13
by
CNN
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the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said as much. >> it will not happen. >> reporter: but congress has not been table to reach a compromise that would replace these cuts with smarter deficit reduction. so the sword is about to fall. among the immediate effects, funding cuts for 70,000 kids on head start, possible five-hour waits to get through security at the airport, deployment of one aircraft carrier has been postponed, and the navy has suspended overhaul of another. that's not to mention temporary layoffs, including first responders, like the ones behind the president. >> now, if congress allowed this meat cleaver approach to take place, it will jeopardize our military readiness, it will eviscerate job-creatie ining investment. >> reporter: in a statement, senator mitch mcconnell slammed the president, saying today's event at the white house proves, once again, that more than three months after the november election, president obama still prefers campaign events to common s
the package of cuts came from the 2011 debt ceiling deal, and it was never meant to go into effect. during the presidential campaign, mr. obama said as much. >> it will not happen. >> reporter: but congress has not been table to reach a compromise that would replace these cuts with smarter deficit reduction. so the sword is about to fall. among the immediate effects, funding cuts for 70,000 kids on head start, possible five-hour waits to get through security at the airport,...